11:42 AM EDT, 03/22/2024 (MT Newswires) -- Canopy Growth Corporation ( CGC ) up 34% in late morning trade, noted the German government's final approval legalizing cannabis, as well as advancing a clear victory for enhanced medical cannabis access.

As of April 1, 2024, cannabis will officially be recognized as a non-narcotic in Germany.

According to the statement, these changes are a unique opportunity for Canopy Growth ( CGC ) to expand its commercial presence in the country through the German-based Storz & Bickel vaporizer brand. "For Storz & Bickel, the legalization of recreational cannabis as well as the expected growth of the medical cannabis market in Germany present exciting growth opportunities for the brand's full range of vaporizers," the statement added.

Price: 8.28, Change: +2.12, Percent Change: +34.42